I would be VERY careful about fixing this before more time is given to see how voting behaviour plays out re: quorum.
Crypto projects historically have low voter participation. Setting a high quorum may mean nothing is capable of being passed. See here:
from Blockchain Voter Apathy. Governance is a key area of exploration… | by Roy Learner | Wave Digital Assets | Medium
The proposals that already reached quorum may have done so because they happened early in YFI’s life, when voting power was concentrated in active early adopters.
Their is a risk that 33% can’t be reached now because:
- wider distribution now vs few days ago means many holders won’t be spending their time reading/voting.
- many possibly won’t want to pay a high gas fee for their small holding vote.
- Voting costs expensive skin in the game. For example, I contrib’d to pool 3 3-4 days ago, despite knowing that investing in YFI alone would likely be a better financial decision. I knew voting would lock my contrib. in pool 3 so I couldn’t switch to just buying YFI even if I wanted to (I still voted). Will enough people act against their financial interests, and lock into pool 3 to vote?